Economy

In November 2019, Long An's industrial production index increased by 1.89 percent over the previous month, up 14.48 percent over the same period last year.

While non-cash payments are admittedly on the rise, the cash payment habit and limited development of technology infrastructure are big problems for the country’s non-cash economy, experts have said.

Total foreign direct investment (FDI) in Ho Chi Minh City in 2019 is estimated to reach 8 billion USD, equivalent to 101 percent of the figure recorded last year, reported the municipal People’s Committee.

Long An Department of Industry and Trade has just coordinated with Vietnam E-Commerce Association, Lazada.vn e-commerce channels to promote e-commerce business for entrepreneurs in the province.

Vietnamese financial technology startups are quickly catching up with Singapore in attracting Southeast Asian venture capital funding, according to the Japan-based Nikkei Asian Review.

On November 27, the Agency for Southern Affairs of Ministry of Industry and Trade organized a conference to connect trade of agricultural products with Chinese enterprises.

The Singapore-based Chinese-language newspaper Lianhe Zaobao newspaper ran an article on November 26 on Vietnam’s foreign direct investment attraction, the fastest economic growth pace in Asia.

Vietnam attracted 31.8 billion USD in foreign direct investment in the first 11 months of 2019, up 3 percent year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Since the beginning of 2019, industrial parks in Long An province have attracted 147 new projects, including 103 FDI projects and 44 DDI projects with a total new investment capital of over 217 million USD and 7,099 billion VND.

Long An province held a 4-year preliminary review meeting to implement the project ‘Building high-tech concentrated beef farming area’

Many Vietnamese enterprises lack understanding about sustainable development goals and are not applying them to their business.

Long An Customs Department informed that the post-clearance inspection has always been concerned and timely directed by the leaders of Long An Customs Department from the beginning of the year until now.